Bitcoin price news – live: crypto market struggles to regain momentum

[ad_1]

Bitcoin saw a brief price increase over the weekend, but has since fallen below $ 50,000 earlier in the week.

Other leading cryptocurrencies are also struggling to regain the momentum they experienced last month, which took them to new all-time highs.

Ethereum (ETH), Solana (SOL) and Ripple (XRP) have all changed by less than 1% in the past 24 hours, while the overall crypto market is down 0.9% on Monday.

Despite the stagnation, several leading analysts are confident of a resurgence by the end of the year, with some even predicting a record end until 2021.

The market could be supported by positive news – such as WhatsApp’s new cryptocurrency pilot in the US – or by the supply squeeze that continues to hit the market, as investors continue to own and sell. withdraw BTC from exchanges.

You can find all the latest expert price news, analysis and predictions here.

Key pointsView latest update 1639399661Twitter hack sees Prime Minister of India declaring bitcoin “legal tender”

Narendra Modi declared bitcoin “legal tender” on Twitter over the weekend, in what quickly turned out to be a hack into the Indian Prime Minister’s account.

Prime Minister Modi has more than 70 million followers on the platform – more than any other world leader – and it is still unclear how his personal profile was compromised.

The tweet was deleted before it could have a major impact on the crypto market, with such news likely to be monumental for the price of cryptocurrency. When El Salvador announced that bitcoin would be legal tender earlier this year, it sparked a market-wide rally that led to new all-time highs.

You can read the full story here:

Anthony CuthbertsonDecember 13, 2021 12:47

1639364300

Bitcoin Slips Around 3% In Last 8 Hours

After breaking the $ 50,000 mark on Sunday, Bitcoin fell to around $ 49,000 in a matter of hours.

The cryptocurrency lost about one percent in value from its price a day earlier.

Ethereum was also down around 1% in the last day, while it is down more than 4% from its value a week earlier.

Polkadot has increased by around 5% in the past 24 hours while cardano is down over 5% during this time.

The global crypto market has lost more than one percent in value over the past 24 hours and is currently valued at around $ 2.24 trillion.

Vishwam SankaranDecember 13, 2021 2:58 AM

1639104954

Crypto Market Dips More Than 3% In Last 24 Hours

The prices of several cryptocurrencies, including bitcoin, ethereum, and solana, have fallen 3-5% in the past 24 hours, with the overall crypto market losing more than 3% in value over the past 24 hours. the period.

Bitcoin has fallen almost 3% in the past day and more than 13% in the past week with no signs of a recovery yet.

Ethereum, solana, and cardano have lost almost 5% in value in the past 24 hours.

Both dogecoin and shiba inu meme have fallen over 3% in the past day and over 15% in the past 7 days.

The global crypto market is still down with no signs of a recovery and is currently valued at around $ 2.29 trillion.

Vishwam SankaranDecember 10, 2021 02:55

Bitcoin price bullish for 2022?

With the price of bitcoin still below $ 50,000, investors are looking for reasons to be positive in the months to come.

Popular crypto commentator Lark Davis laid out seven reasons to be bullish about bitcoin in the coming year, writing on Twitter that major industry news like a spot ETF, combined with lengthening cycles , will see the price of bitcoin continue to rise until 2022.

“Make hay while the sun is shining and enjoy many more months of good market conditions,” Davis writes. “Remember to take profits along the way.”

You can find the full thread here:

Anthony CuthbertsonDecember 9, 2021 5:47 PM

Decentralized Crypto Exchange Enables Bitcoin Trading

A decentralized exchange running on the DeFi Sienna Network protocol enabled trading with bitcoin and monero, in a move that was endorsed by “Bitcoin Jesus” Roger Ver.

SiennaSwap DEX users will be able to exchange BTC and XMR with the Sienna token. In the two months since its launch, SiennaSwap has generated more than $ 254 million in trade volumes, attracting users with its privacy-focused mandate.

“Maintaining privacy while enabling DeFi for monero and bitcoin is crucial and Sienna Network appears to be doing just that,” Ver told CoinTelegraph.

(Getty Images)

Anthony CuthbertsonDecember 9, 2021 3:19 PM

Microstrategy buys even more bitcoins

Microstrategy, the software company probably best known as a huge holder of bitcoin, now has even more. Managing Director Michael Saylor said he bought 1,434 bitcoin for around $ 82.4 million in cash at an average price of $ 57,477 each.

This means that he now has around 122,478 bitcoins, on which he spent $ 3.66 billion. They were purchased for an average of around $ 29,861 each, almost exactly half of what they cost today.

Andrew GriffinDecember 9, 2021 1:19 PM

1639052390 ‘Crypto’ mentioned 6.6 million times on Reddit in 2021

Reddit’s annual review found cryptocurrency to be the most popular theme on the platform for the past year or so.

The term “crypto” received over 6.6 million mentions between January and November, while there are now over 500 communities on Reddit dedicated to cryptocurrency.

The r / dogecoin sub-Reddit was the most popular of all, which has favored the peer community since its inception.

You can read the full story here:

Anthony CuthbertsonDecember 9, 2021 12:19 PM

Crypto CEOs Testify at Congressional Hearing

CEOs of several large cryptocurrency companies appeared before the U.S. House Financial Services Committee on Wednesday to answer questions about digital currencies and stablecoins.

Among them were Jeremy Allaire, CEO of Circle, Brian Brooks, CEO of Bitfury and Alesia Haas, CEO of Coinbase, who attended the nearly five-hour hearing held by nearly 40 lawmakers.

The market appears unresponsive to the event, despite some attempts by politicians to portray crypto in a negative light. Perhaps because these critics seemed to have little understanding of what they are talking about.

Here’s what Congressman Brad Sherman had to say:

Anthony CuthbertsonDecember 9, 2021 10:12 AM

1639018189

Bitcoin remains stable around $ 50,000

The price of bitcoin has fallen by around 1% in the past 24 hours and has remained stable around the $ 50,000 mark.

Meanwhile, Ethereum has risen by around 2% and is currently valued at $ 4,400.

The other major cryptocurrencies, including cardano and solana, have not changed in value from their prices 24 hours earlier.

The overall crypto market has not changed in value over the past day and its price is currently around $ 2.37 trillion.

Cryptocurrency prices in the last 24 hours

(Market cap of coins)

Vishwam SankaranDecember 9, 2021 02:49

1638993045Visa crypto advisory service pushes bitcoin ‘into the mainstream’

According to cryptocurrency expert Kaj Burchardi, managing director of BCG Platinion, today’s announcement from Visa that it will deploy a crypto advisory service for banks and retailers will help push bitcoin and d ‘other cryptocurrencies in the mainstream.

By educating financial institutions, the world’s largest payment processor will see the demand for such services skyrocket.

“Cryptocurrencies are becoming more and more mainstream and are now much more considered for both retailers and traditional financial services companies,” Burchardi told us. “Today’s visa opinion is proof of that. [and] Paired with the announcement that it will allow cryptocurrency to transact on its payment network, it may offer traditional financial institutions the opportunity to bridge the gap between fintech and their traditional counterparts.

(Copyright 2020 The Associated Press. All rights reserved.)

Anthony CuthbertsonDecember 8, 2021 7:50 PM

[ad_2]